Raymond James Financial Inc. Invests $17.90 Million in WD-40 (NASDAQ:WDFC)

Raymond James Financial Inc. acquired a new position in WD-40 (NASDAQ:WDFC) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 73,772 shares of the specialty chemicals company’s stock, valued at approximately $17,903,000. Raymond James Financial Inc. owned approximately 0.54% of WD-40 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Barclays PLC increased its position in WD-40 by 309.7% in the 3rd quarter. Barclays PLC now owns 37,094 shares of the specialty chemicals company’s stock valued at $9,566,000 after buying an additional 28,039 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in WD-40 in the 4th quarter valued at about $6,537,000. DF Dent & Co. Inc. increased its position in WD-40 by 27.3% in the 3rd quarter. DF Dent & Co. Inc. now owns 66,993 shares of the specialty chemicals company’s stock valued at $17,276,000 after buying an additional 14,358 shares in the last quarter. Van ECK Associates Corp bought a new stake in WD-40 in the 4th quarter valued at about $3,217,000. Finally, Geode Capital Management LLC increased its position in WD-40 by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company’s stock valued at $97,524,000 after buying an additional 12,943 shares in the last quarter. 91.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “buy” rating and issued a $322.00 target price on shares of WD-40 in a research report on Monday, January 27th.

WD-40 Price Performance

Shares of NASDAQ WDFC opened at $242.40 on Tuesday. WD-40 has a twelve month low of $211.03 and a twelve month high of $292.36. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average price is $235.72 and its 200-day moving average price is $253.49. The company has a market capitalization of $3.28 billion, a PE ratio of 46.44 and a beta of -0.10.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The business had revenue of $153.30 million for the quarter, compared to the consensus estimate of $147.40 million. During the same quarter in the prior year, the business earned $1.28 earnings per share. WD-40’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, equities analysts anticipate that WD-40 will post 5.42 EPS for the current year.

About WD-40

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.